Sec Form 4 Filing - DECHERD ROBERT W @ BELO CORP - 2013-12-12

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
DECHERD ROBERT W
2. Issuer Name and Ticker or Trading Symbol
BELO CORP [ BLC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
BELO CORP., 400 S. RECORD STREET
3. Date of Earliest Transaction (MM/DD/YY)
12/12/2013
(Street)
DALLAS, TX75202
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Series A Common Stock 12/12/2012 S 9,160 D $ 9.01 ( 1 ) 141,854 I By Family LP I ( 2 )
Series A Common Stock 12/13/2012 S 10,390 D $ 9.01 ( 3 ) 131,464 I By Family LP I ( 2 )
Series A Common Stock 12/14/2013 S 9,610 D $ 9 ( 4 ) 121,854 I By Family LP I ( 2 )
Series A Common Stock 12/14/2013 S 29,400 D $ 8.99 ( 5 ) 110,600 I By GRAT ( 6 )
Series A Common Stock 101,745 D
Series A Common Stock 5,468 I By 401K Account ( 7 )
Series A Common Stock 101,200 I By Spouse ( 8 )
Series A Common Stock 151,013 I By Family LP II ( 2 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
DECHERD ROBERT W
BELO CORP.
400 S. RECORD STREET
DALLAS, TX75202
X
Signatures
Russell F. Coleman, Attorney-In-Fact 12/14/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents the average sale price per share. Shares sold in the open market as follows: 4,365 shares @ $9.0000 per share; 1,861 shares @ $9.0050 per share; 644 shares @ $9.0100 per share; 1,932 shares @ $9.0150 per share; and 358 shares @ $9.0200 per share.
( 2 )The reporting person is the managing general partner of the family partnership that owns the reported securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
( 3 )Represents the average sale price per share. Shares sold in the open market as follows: 2,060 shares @ $9.0000 per share; 375 shares @ $9.0050 per share; 411 shares @ $9.0100 per share; 302 shares @ $9.0200 per share; 20 shares @ $9.0250 per share; 996 shares @ $9.0300 per share; 29 shares @ $9.0350 per share; and 117 shares @ $9.0400 per share.
( 4 )Represents the average sale price per share. Shares sold in the open market as follows: 8,910 shares @ $9.0000 per share; and 700 shares @ $9.0100 per share.
( 5 )Represents the average sale price per share. Shares sold in the open market as follows: 26,400 shares @ $8.99 per share; 100 shares @ $8.9903 per share; 200 shares @ $8.9906 per share; 1,100 shares @ $8.9907 per share; 1,000 shares @ $8.9908 per share; 100 shares @ $8.9911 per share; and 500 shares @ $9.00 per share.
( 6 )The reporting person is the settlor and trustee of several grantor retained annuity trusts ("GRATs") and receives annual annuity payments therefrom. The reporting person's children are the remaindermen.The reporting person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein.
( 7 )Held by the A. H. Belo Corporation Savings Plan as of February 12, 2013.
( 8 )The reporting person disclaims beneficial ownership of these securities.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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